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Chronicle Staff The federal government would not be doing young people any favors by implementing youth programs today that they would have to pay for in the next 10 to 20 years, says Canada's minister of state for finance, Barbara McDougall told a group of students and business- men at a Wilfrid Laurier Univer- sity speaking engagement Fri- day that the message from Ot- tawa these days was cost cutting, to try and gnaw away at the annual deficit, which is predicted to be $29.5 billion by the next fiscal year. "The easiest policy of all is to write cheques but we can't do that. There has to be cost cutting in Ottawa," she said. McDougall emphasized the im- portance of a zero deficit time and time again during a ques- tion-and-answer period which followed her speech sponsored by the International Association of Business and Economic Stu- dents. The all-out cutbacks seemed to trouble WLU president John Weir who expressed concern to the minister about the Estab- lished Program Funding from Ottawa to the provinces, which among other things, goes towards university funding. The message from Ottawa definitely cost cutting "Just like the older population That's the proven result at the TEMPLETON GROWTH FUND and now is a tax exempt Capital gain. Compare the growth at 310.000 at 11% interest (compounded) . t _ $31,517, (but interest is taxabie), Also inquire about the SAME TAX ADVANTAGE as a RAS.P. in a Leveraged TEMPLETON (World Wide) GROWTH FUND. Can my R.R.S.P. be PROFITABLY deregistered without paying taxes and grow tax tree in a GROWTH FUND? Howard Good FOR MORE INFORMATION CALL HOWARD GOOD AT 746-1848 OR RETURN THE COUPON REGAL CAPITAL PLANNERS Name --._. Address - City 8 Code Phone-, 153 Union St. East, Waterloo N2d 4E5 needs adequate health care, the younger people are somewhat alarmed about cutbacks to EPF." said Weir. McDougall admitted that under the new formula adopted to regulate the transfer of funds from Ottawa to the provinces, that the provinces would receive less than they would under the old one. But she said in real dollars the funding would in- crease. "Transfers to the provinces are the biggest area of govern- ment spending. The funding will continue to increase at a growth Barbara McDougall Limited greater than inflation, albeit, slightly less than the other for- mula," she said. She also used the occassion to beat the free trade drum and said that Canada's United States initiative would in no way dimish trade with other markets. "We're doing everything to improve trade across the world." she said. The minister said the trade gains would lead to job gains and was becoming ever more neces- sary because of the American movement to an economy of pro- tectionism. "Two million Canadians are directly dependent on it. Open trade with the US. is vital." Since 1970, she said, Canada's share of world trade has dropped dramatically from fourth to eighth place, thus the rise in unemployment that her govern- ment has began to break ground on. ASSORTED MATS 'et,,, 'tPl an WHILE THEY LAST! your "i"ii'6"ii'isi('s; yypt1tl . ' . and more "__" TWO SIZES 91 \\‘E '_ilfiiiiiiiiiiii) REFRIGERATORS 1 5 ONLY SELECTED ONE-OF-A-KIND ssttt, w. w " m®§£\ls st.ill!lr “I sic? EARLY FOR BEST SELECTION! EXISTING SALE PRICES lc) WATERLOO CHRONKZLE. WEDNESDAY, MN BULK FOOD smow QUEEN SIZE KING SIZE Soon M. Price 31004 to $1349 Scan Rog. Price $679 to 3‘019 BOX SPRING ' MATTRESS Mart 6 ONLY OF EACH SIZE! Waterloo, Ont., .N201K7 884-0180 SEARS mm emu 666me in Mill mm (m wagon An and 'Hrsr9tn, Own) “‘7" Mon. to Sat 930:0 Soo #5 10 Wyman Road STORE HOURS MONDAY-SATURDAY 9 1m- 6 pm $344”th 'M/P,,,, 53$ W t #lt P'